Snyder Cohn: In Tune with Your Business Cycles
Retail sector is all about estimating demand, managing inventory, protecting and growing margins and competing for the most profitable market segments. Snyder Cohn has worked with retail firms for decades, helping them plan for and manage through all types of economic environments.
Snyder Cohn understands key trends and challenges that are impacting retail firms, including:
- Identity theft and credit card fraud are requiring new investments in customer data security. Retailers who adopt new security strategies and systems need to plan for what can often be a costly and lengthy process to implement or upgrade their security precautions.
- According to the International Council of Shopping Centers (ICSC), consumers have less time to spend at traditional shopping venues such as malls and are spending less time per trip. Retailers must understand what this trend means—challenge or opportunity—and how to stay ahead of the curve.
- Many retailers have already starting leveraging—or studying how to leverage—the wave of environmental (or “green”) concern that has intensified over the last decade. Retailers must take into account a multitude of considerations and develop a range of assumptions about what their customers want or need and what type of premium—if any—they are willing to pay to be “green.”